WATERBURY, Vt.--(BUSINESS WIRE)--Today Keurig Green Mountain, Inc. (NASDAQ: GMCR), a leader in specialty coffee, coffee makers, teas and other beverages, launched its ninth annual Sustainability Report. In addition to communicating progress on 2013 initiatives, the 2013 Sustainability Report announces Keurig Green Mountain’s ambitious new 2020 targets, which strive to take the Company’s performance to the next level as a leader in sustainability and global corporate citizenship. The report focuses on three main practice areas of the Company’s sustainability strategy: Resilient Supply Chain, Sustainable Products, and Thriving People and Communities.
“Our Sustainability Report demonstrates our company values of partnering for mutual success, and using the power of business to make the world a better place,” says Brian Kelley, Keurig Green Mountain’s President & CEO. “We believe the focus, transparency, and accountability that the Report provides are critical to the partnerships we have with our stakeholders, and will renew emphasis on our strengths while challenging us to address opportunities for improvements head on.”
To establish its new targets, Keurig Green Mountain drew from the in-depth materiality assessment conducted in 2012, which engaged more than 120 internal and external stakeholders. The Company’s new 2020 targets take a long-term, strategic outlook to proactively address the biggest sustainability challenges facing the company as well as the planet. The targets are:
Resilient Supply Chain
- Engage one million people in the Company’s manufacturing and agriculture supply chains to significantly improve their livelihoods
- Source 100% of primary agricultural and manufactured products according to established Keurig Green Mountain responsible sourcing guidelines
- 100% of K-Cup® packs to be recyclable
- Reduce life-cycle greenhouse gas emissions of brewed beverages by 25% vs. 2012 baseline
- Achieve zero waste-to-landfill at owned and operated manufacturing and distribution facilities
Thriving People & Communities
- Engage 100% of employees to understand Keurig Green Mountain’s vision and values and present opportunities that allow them to contribute to the Company’s targets
- Provide access to clean water to one million people worldwide
“The targets outlined in our 2013 Sustainability Report reflect our strategy of integrating sustainability holistically across our organization and even more deeply into our business,” says T.J. Whalen, Keurig Green Mountain’s Chief of Strategy and Sustainability. “Our new targets demonstrate our need to tackle pressing issues both inside and well beyond our own corporate walls. Even more important than the targets themselves is our commitment to achieving them with innovation and excellence – through our own efforts and through partnerships with our stakeholders.”
Full details of the 2013 Sustainability Report can be found at http://www.KeurigGreenMountain.com/Sustainability/Overview.aspx.
About Keurig Green Mountain, Inc.
As a leader in specialty coffee, coffee makers, teas and other beverages, Keurig Green Mountain (Keurig) (NASDAQ: GMCR), is recognized for its award-winning beverages, innovative Keurig® brewing technology, and socially responsible business practices. The Company has inspired consumer passion for its products by revolutionizing beverage preparation at home and in the workplace. Keurig supports local and global communities by investing in sustainably-grown coffee and by its active involvement in a variety of social and environmental projects. By helping consumers drink for themselves, we believe we can brew a better world. For more information visit: www.KeurigGreenMountain.com. To purchase Keurig® products visit: www.Keurig.com or www.Keurig.ca.
Keurig routinely posts information that may be of importance to investors in the Investor Relations section of its website, www.KeurigGreenMountain.com, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company's automatic email news release delivery, individuals can receive news directly from Keurig as it is released.
Certain information in this filing constitutes "forward-looking statements." Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "seeks" or words of similar meaning, or future or conditional verbs, such as "will," "should," "could," "may," "aims," "intends," or "projects." However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. These statements may relate to: the expected impact of raw material costs and our pricing actions on our results of operations and gross margins, expected trends in net sales and earnings performance and other financial measures, the expected productivity and working capital improvements, the success of introducing and producing new product offerings, the impact of foreign exchange fluctuations, the adequacy of internally generated funds and existing sources of liquidity, such as the availability of bank financing, the expected results of operations of businesses acquired by us, our ability to issue debt or additional equity securities, our expectations regarding purchasing shares of our common stock under the existing authorizations, projections of payment of dividends, and the impact of the inquiry initiated by the SEC and any related litigation or additional governmental inquiry or enforcement proceedings. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company's historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in Part I, "Item 1A. Risk Factors," and Part II "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in our fiscal 2013 Annual Report filed on Form 10-K, as amended, and elsewhere in the Form 10-K and those described from time to time in our future reports filed with the Securities and Exchange Commission.
Actual results could differ materially from those projected in the forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.